31, 31a and 31b The Broadway Mill Hill London NW7 3DA

31, 31a and 31b The Broadway
Mill Hill
London
NW7 3DA

Freehold Chemist and Residential Investment

Shop trading as Care Chemist (trading here for over 20 years)
New 10 year shop lease from September 2020 (subject to option)
Two separately accessed flats above, let separately on AST's
Approximately 200 metres from Mill Hill Thameslink & Bus Station
Nearby occupiers include Marks & Spencer Simply Food, Iceland, Tesco Express, Costa and a number of restaurants and coffee shops
Affluent North-West London suburb
VAT-free Investment

Lot
5
Auction
23rd September 2020
Rent
£60,000 per Annum Exclusive
Status
Sold
Price
£1,231,000
Auction Venue
Live Streamed Auction

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Freehold Chemist and Residential Investment

Shop trading as Care Chemist (trading here for over 20 years)
New 10 year shop lease from September 2020 (subject to option)
Two separately accessed flats above, let separately on AST's
Approximately 200 metres from Mill Hill Thameslink & Bus Station
Nearby occupiers include Marks & Spencer Simply Food, Iceland, Tesco Express, Costa and a number of restaurants and coffee shops
Affluent North-West London suburb
VAT-free Investment

Lot 5
Auction 23rd September 2020
Rent £60,000 per Annum Exclusive
Status Sold
Price £1,231,000
Sector
High Street Retail
Auction Venue
Live Streamed Auction

Property Information

Location

Miles: 10 miles north-west of Central London
Roads: A1, M1
Rail: Mill Hill Broadway (Thameslink)
Air: London Luton, London Heathrow

Situation

Mill Hill, a popular London suburb is located approximately 10 miles north-west of the Central London. The property is prominently located on the north side of The Broadway, Mill Hill's main shopping destination, less than 200 metres from Mill Hill Broadway Train and Bus Station. Nearby occupiers include M&S Simply Food, Costa, Tesco Express, Iceland and various independent cafes, shops and restaurants.

Tenure

Freehold.

Location

Miles: 10 miles north-west of Central London
Roads: A1, M1
Rail: Mill Hill Broadway (Thameslink)
Air: London Luton, London Heathrow

Situation

Tenure

Freehold.

Description

The property, comprises a ground floor chemist with a pharmacy and separately accessed residential accommodation above (1 x two bed duplex and 1 x one bed flat). The one bed flat (31b The Broadway) has been recently refurbished.

VAT

VAT is not applicable to this lot.

Viewings

There will be one accompanied block viewing leading up to the auction. Please email your request to view to george.goucher@acuitus.co.uk who will confirm the time and date.

Completion Period

Six Week Completion Available

EPC

Band C (shop). See legal pack at www.acuitus.co.uk.

Description

VAT

VAT is not applicable to this lot.

Viewings

There will be one accompanied block viewing leading up to the auction. Please email your request to view to george.goucher@acuitus.co.uk who will confirm the time and date.

Completion Period

Six Week Completion Available

EPC

Band C (shop). See legal pack at www.acuitus.co.uk.

Tenancy & Accommodation

Floor	Use	Floor Areas (Approx)		Tenant	Term	Rent p.a.x	Review
Ground	Chemist	139.35 sq m	(1,500 sq ft)	D. N. SHARPE LIMITED t/a Care Chemist (1)	10 years from September 2020 (2)	£30,000	September 2025
First	1 bed flat	34.71 sq m	(374 sq ft)	INDIVIDUAL	6 month AST from 23/05/2020 at £1,150 pcm	£13,800
First/Attic	2 bed duplex	60.03 sq m	(646 sq ft)	INDIVIDUAL (3)	6 month AST from September 2020 at £1,350 pcm	£16,200
Total		234.09 sq m	(2,520 sq ft)			£60,000

(1) Care Chemist are a very well established pharmacy who have been trading on The Broadway for over 20 years. D. N. Sharpe Limited trade from one other Chemist in Golders Green.
(2) The lease is subject to a tenant option to determine in August 2025.
(3) The tenant has been in occupation for about 4 years. The AST is being renewed.

If you are the successful bidder, Acuitus requires a separate payment of £1,500+VAT as a buyer's administration charge payable to Acuitus Limited upon exchange of contracts. A VAT receipt will be provided upon payment.